AFSA pursues charges over alleged misuse of the Personal Property Securities Register

The Australian Financial Security Authority (AFSA) is pursuing charges against a Queensland man who is alleged to have misused the Personal Property Securities Register (PPSR), the Australian Government’s public noticeboard of security interests in personal property.

Mark Mead has been charged with one offence of dishonestly influencing a Commonwealth public official.

Mr Mead is alleged to have falsified a security agreement relating to a vehicle, a Ford Mustang, following the sale of the vehicle in February 2019 to his then-partner.

The vehicle, which previously had no security interests recorded on the PPSR, had a registration made against it in November 2019 – a registration which claimed an interest in the vehicle by Mr Mead’s company, Iceman Enterprises. It is alleged that this registration was false and misleading.

AFSA Deputy Chief Executive Gavin McCosker highlighted the importance of the integrity of the PPSR.

‘AFSA actively monitors registrations on the PPSR and will take strong action when the register is deliberately misused,’ Mr McCosker said.

The matter has been adjourned to August 2021.

For more information about the role of the PPSR, visit ppsr.gov.au.